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Ntegrator .The Hot Telecom of Myanmar

Just waiting for TA to stabilize before final launch.

The low volume is a good sign as long as there are no negative surprise politically in Myanmar.

My laser guided F35 shealth bomber has locked in any target below 91.

 

April 26th unload was correct.

http://stockmarketmindgames.blogspot.sg/2013/04/ntegrator-2-contracts-worth-33million.html 

 

For Ntegrator, I am not sure if PE is a good measure. I still believe earning potential is what investors look for for stock like Netgrator. If one believes    the Myanmar telco story, this stock is definately worth looking at. Fundamental analysis is to look at the risk while we chase for the potential. Just my thoughts.

raymondruan      ( Date: 29-Apr-2013 22:54) Posted: Thanks Trade88 for your estimates and fair comments.  Trade888      ( Date: 19-Apr-2013 11:17) Posted: With sales of $40million at Gross Margin of 23.5% and Expenses of around $6.5million,  price should be around 7cents at 15xPE and 9.5cents at 20x PE. However, we should be looking at  $50 million to  $55 million for 2013 and margin should improve as they move towards higher  GP  maintenance  projects,   so with $50 million sales at 24% Gross Margin and expenses of around $7.5 million, price should be around 11 cents at 15x PE and 15 cents at 20x PE. Questions will be what should be the right PE for Ntegrator and what other opportunities such as new project pipeline and M& A

 

It is indeed strange that mr N close down after positive news announcement.

It could be sell on news effect or the aussino effect on all mynamar counters. We will see today but price go tick a bit up.

Btw i must correct : every new contract of 1million increase 0.1-0.2 cents of mr N.

 

Thanks Trade88 for your estimates and fair comments. 

Trade888      ( Date: 19-Apr-2013 11:17) Posted: With sales of $40million at Gross Margin of 23.5% and Expenses of around $6.5million,  price should be around 7cents at 15xPE and 9.5cents at 20x PE. However, we should be looking at  $50 million to  $55 million for 2013 and margin should improve as they move towards higher  GP  maintenance  projects,   so with $50 million sales at 24% Gross Margin and expenses of around $7.5 million, price should be around 11 cents at 15x PE and 15 cents at 20x PE. Questions will be what should be the right PE for Ntegrator and what other opportunities such as new project pipeline and M& A? FearValueGreed      ( Date: 18-Apr-2013 18:53) Posted: I think 8-9cents would be minimum base. This is the price for a revenue of 30-40million. If mr N keeps getting new contracts at 60million region. 12-15centz is a given. S

 

Ya compare from previous years till last year, sale cost increased, but total expenses also increased,don't know what to say about the company

Trade888      ( Date: 29-Apr-2013 12:50) Posted: Yes. This indeed is their strategy in migrating to higher margin project maintenance sales. Expect to see Gross Margin improvement  when they have  higher weightage in project maintenace sales. But good  project sales growth is also important as this will  feed future project maintenance sales. raymondruan      ( Date: 29-Apr-2013 12:16) Posted: According to the latest Annual Report, the higher margin Project Management & Maintenance Services has jumped from 7.8% in 2010 to 10.5% in 2012

 

 

I believe they have both when the MD said:

Trade888      ( Date: 29-Apr-2013 12:50) Posted: Yes. This indeed is their strategy in migrating to higher margin project maintenance sales. Expect to see Gross Margin improvement  when they have  higher weightage in project maintenace sales. But good  project sales growth is also important as this will  feed future project maintenance sales. raymondruan      ( Date: 29-Apr-2013 12:16) Posted: According to the latest Annual Report, the higher margin Project Management & Maintenance Services has jumped from 7.8% in 2010 to 10.5% in 2012

 

Every increase in contract value ie new one to base is equivalent to 1-2cents for every 1million revenue earn.

If this is recurring, impact not so much but if it is new ones then prices will jump more vased on above guide.

Pittcyh      ( Date: 29-Apr-2013 08:27) Posted: Singapore, April 29, 2013 – Ntegrator International Ltd (“Ntegrator” or “the Group”), a leading regional communications network specialist and systems integrator, announced that it has bagged two new contracts worth a combined S$3.3 million from repeat customers.

 

Yes. This indeed is their strategy in migrating to higher margin project maintenance sales. Expect to see Gross Margin improvement  when they have  higher weightage in project maintenace sales. But good  project sales growth is also important as this will  feed future project maintenance sales.

raymondruan      ( Date: 29-Apr-2013 12:16) Posted: According to the latest Annual Report, the higher margin Project Management & Maintenance Services has jumped from 7.8% in 2010 to 10.5% in 2012. Trade888      ( Date: 29-Apr-2013 11:46) Posted: Equipment and consumable are part of the cost of sales, in other words, the staff got into fulfilling the project sales. So it should increase in tendum with the increase in revenue, unless there is a great change in % of gross margin, likewise this also apply to freight charges. Just my two cents worth. Gross margin will improve  as the company move toward more project maintenance sales and less capital intensive project sales. To see if the company spends wisely, I will prefer to look at the leverage of admin expenses when there is increase in sales. Since admins and other expenses are mostly fixed cost, company should not increase admin expenses  at  the same rate as the increase in sales and also  Cash should be use to fulfil projects sales and not to built up inventory (Balance sheet)

 

 

According to the latest Annual Report, the higher margin Project Management & Maintenance Services has jumped from 7.8% in 2010 to 10.5% in 2012.

Trade888      ( Date: 29-Apr-2013 11:46) Posted: Equipment and consumable are part of the cost of sales, in other words, the staff got into fulfilling the project sales. So it should increase in tendum with the increase in revenue, unless there is a great change in % of gross margin, likewise this also apply to freight charges. Just my two cents worth. Gross margin will improve  as the company move toward more project maintenance sales and less capital intensive project sales. To see if the company spends wisely, I will prefer to look at the leverage of admin expenses when there is increase in sales. Since admins and other expenses are mostly fixed cost, company should not increase admin expenses  at  the same rate as the increase in sales and also  Cash should be use to fulfil projects sales and not to built up inventory (Balance sheet). LoveToInvest      ( Date: 28-Apr-2013 11:23) Posted: Infrastructure cost is so much?Wow!! If get 1% of a slice @50millions..Bro u too optimistic on the company ...Are u also look at the integrity of the company too? look at the equipment ntegrator bought 2010-2012.. They used bout 70% of their revenue to buy equipment from 2011-2012,Any audits checks on that?Frieght charges spent by Air or Sea also increased more than 8 times.Why so much $$$..Got $$$ cash balance in bank also cannot spent so much in %different within a year..Any audit check on that too?These are the 2 areas I am worried.Any ways to reduce equipment cost and consumables

 

small contract, but good sign that they are maintaining their position in myanmar, wait for more contracts.

 

good news right? should cheong

Pittcyh      ( Date: 29-Apr-2013 08:27) Posted: Singapore, April 29, 2013 – Ntegrator International Ltd (“Ntegrator” or “the Group”), a leading regional communications network specialist and systems integrator, announced that it has bagged two new contracts worth a combined S$3.3 million from repeat customers.

 

Equipment and consumable are part of the cost of sales, in other words, the staff got into fulfilling the project sales. So it should increase in tendum with the increase in revenue, unless there is a great change in % of gross margin, likewise this also apply to freight charges. Just my two cents worth. Gross margin will improve  as the company move toward more project maintenance sales and less capital intensive project sales.

To see if the company spends wisely, I will prefer to look at the leverage of admin expenses when there is increase in sales. Since admins and other expenses are mostly fixed cost, company should not increase admin expenses  at  the same rate as the increase in sales and also  Cash should be use to fulfil projects sales and not to built up inventory (Balance sheet).

LoveToInvest      ( Date: 28-Apr-2013 11:23) Posted: Infrastructure cost is so much?Wow!! If get 1% of a slice @50millions..Bro u too optimistic on the company ...Are u also look at the integrity of the company too? look at the equipment ntegrator bought 2010-2012.. They used bout 70% of their revenue to buy equipment from 2011-2012,Any audits checks on that?Frieght charges spent by Air or Sea also increased more than 8 times.Why so much $$$..Got $$$ cash balance in bank also cannot spent so much in %different within a year..Any audit check on that too?These are the 2 areas I am worried.Any ways to reduce equipment cost and consumables? FearValueGreed      ( Date: 27-Apr-2013 23:42) Posted: Infrastructure cost for the hundred of thousand of km of fibre cables n upto 15000 towers is estimated to be US4billion. How can Ntegrator even not got a slice of actio .even 1% is $50m. Just dun fly yet . My troops from innopac coming to reinforcement at pusan perimeter at 91 parallel. My BRC currently still held as POW under extreme torture. Hope they can still tahan the enemy inhumane treAtment before UN supreme commander give full order.

 

Singapore, April 29, 2013 – Ntegrator International Ltd (“Ntegrator” or “the Group”), a leading regional communications network specialist and systems integrator, announced that it has bagged two new contracts worth a combined S$3.3 million from repeat customers.

 

Haha,trade with care even 1 night stand

FearValueGreed      ( Date: 28-Apr-2013 14:38) Posted: Bro LoveTI I m not auditor so cannot check. I m just investing in the Myanmar theme so u hv to worry if u invest very long term. My horizon only 1 year so nothing much to be fearful of. Buddha says less attachment less suffering. Hahaha. LoveToInvest      ( Date: 28-Apr-2013 11:23) Posted: Infrastructure cost is so much?Wow!! If get 1% of a slice @50millions..Bro u too optimistic on the company ...Are u also look at the integrity of the company too? look at the equipment ntegrator bought 2010-2012.. They used bout 70% of their revenue to buy equipment from 2011-2012,Any audits checks on that?Frieght charges spent by Air or Sea also increased more than 8 times.Why so much $$$..Got $$$ cash balance in bank also cannot spent so much in %different within a year..Any audit check on that too?These are the 2 areas I am worried.Any ways to reduce equipment cost and consumables

 

Bro LoveTI

I m not auditor so cannot check.

I m just investing in the Myanmar theme so u hv to worry if u invest very long term.

My horizon only 1 year so nothing much to be fearful of.

Buddha says less attachment less suffering.

Hahaha.

LoveToInvest      ( Date: 28-Apr-2013 11:23) Posted: Infrastructure cost is so much?Wow!! If get 1% of a slice @50millions..Bro u too optimistic on the company ...Are u also look at the integrity of the company too? look at the equipment ntegrator bought 2010-2012.. They used bout 70% of their revenue to buy equipment from 2011-2012,Any audits checks on that?Frieght charges spent by Air or Sea also increased more than 8 times.Why so much $$$..Got $$$ cash balance in bank also cannot spent so much in %different within a year..Any audit check on that too?These are the 2 areas I am worried.Any ways to reduce equipment cost and consumables? FearValueGreed      ( Date: 27-Apr-2013 23:42) Posted: Infrastructure cost for the hundred of thousand of km of fibre cables n upto 15000 towers is estimated to be US4billion. How can Ntegrator even not got a slice of actio .even 1% is $50m. Just dun fly yet . My troops from innopac coming to reinforcement at pusan perimeter at 91 parallel. My BRC currently still held as POW under extreme torture. Hope they can still tahan the enemy inhumane treAtment before UN supreme commander give full order.

 

Infrastructure cost for the hundred of thousand of km of fibre cables n upto 15000 towers is estimated to be US4billion.

How can Ntegrator even not got a slice of actio .even 1% is $50m.

Just dun fly yet . My troops from innopac coming to reinforcement at pusan perimeter at 91 parallel.

My BRC currently still held as POW under extreme torture. Hope they can still tahan the enemy inhumane treAtment before UN supreme commander give full order.

 

drop it lah. i may say things in frustration...anyone with weak nerves would...who vested high high.... tio boh?

currypig      ( Date: 27-Apr-2013 21:42) Posted: tea444u      ( Date: 08-Apr-2013 17:09) Posted: truly one of theWORST stocks i have ever vested in.... sad....regret big time.

 

Infrastructure cost is so much?Wow!! If get 1% of a slice @50millions..Bro u too optimistic on the company ...Are u also look at the integrity of the company too? look at the equipment ntegrator bought 2010-2012.. They used bout 70% of their revenue to buy equipment from 2011-2012,Any audits checks on that?Frieght charges spent by Air or Sea also increased more than 8 times.Why so much $$$..Got $$$ cash balance in bank also cannot spent so much in %different within a year..Any audit check on that too?These are the 2 areas I am worried.Any ways to reduce equipment cost and consumables?

FearValueGreed      ( Date: 27-Apr-2013 23:42) Posted: Infrastructure cost for the hundred of thousand of km of fibre cables n upto 15000 towers is estimated to be US4billion. How can Ntegrator even not got a slice of actio .even 1% is $50m. Just dun fly yet . My troops from innopac coming to reinforcement at pusan perimeter at 91 parallel. My BRC currently still held as POW under extreme torture. Hope they can still tahan the enemy inhumane treAtment before UN supreme commander give full order.